Legal Victory for Strategy Bitcoin
Investors have jointly agreed to dismiss with prejudice their class action lawsuit against Strategy Bitcoin, a leading corporate Bitcoin treasury operator. The case, filed in May 2025 in the Eastern District of Virginia by Pomerantz LLP, alleged that Strategy misrepresented profitability and downplayed risks in its Bitcoin accumulation strategy.
Plaintiffs accused Strategy’s leadership, including co-founder Michael Saylor and CEO Phong Le, of issuing misleading statements and failing to disclose the full impact of new FASB accounting standards on crypto assets. The withdrawal of claims signals resolution and prevents any refile of the complaint.
At the time of dismissal, Strategy holds approximately 632,457 BTC valued near $68.5 billion on its balance sheet. The legal outcome removes uncertainty and reinforces confidence in the firm’s treasury policy amid growing corporate adoption of Bitcoin as a reserve asset.
Following the ruling, Strategy’s stock has surged over 150 % in the past year, reflecting investor faith in its accumulation model. The case highlights the evolving legal and regulatory environment for corporate crypto holdings.
With the lawsuit permanently closed, Strategy can continue focusing on expanding its BTC reserves and participating in the broader trend of institutional treasury diversification without the burden of ongoing litigation.
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